idpickering wrote:Transaction in Own Shares.SSE plc (the "Company") announces that it has purchased the following number of its ordinary shares of 50 pence on the London Stock Exchange through Morgan Stanley and Co. International ("MSI"). These purchases were made as part of the Company's £125 million share buyback programme as announced on 28 September 2022. All shares were purchased from MSI as an "on exchange" transaction subject to the rules of the London Stock Exchange and in accordance with the authority granted by shareholders at SSE's Annual General Meeting on 21 July 2022 and Chapter 12 of the Listing Rules.
https://www.investegate.co.uk/sse-plc-- ... 00032899F/
They seem to like doing this lately. I'd toy with adding to my SSE holdings myself, but I might have enough already, and the forthcoming dividend reduction puts me off tbh. Happy to continue holding SSE though.
Ian.
It is not that they 'like doing this' They are simply following their previously announced plan to buy back £125 million of shares to cover part of the final dividend paid as scrip dividend. These buybacks are of no significance (and to me a waste of the Company's resources)
Dod